In an interview on CNBC this morning Texas oil billionaire and wind energy advocate T. Boone Pickens blamed "lack of leadership" from George W. Bush and "that speech" from Nancy Pelosi for the vote against the Bail-Out plan in the House yesterday:

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Another day dawns, and the list of failed banks grows ever longer.  Congress has renamed the Bail-Out as The Emergency Economic Stabilization Act.  The House has just rejected the latest draft by 228 votes to 205. George W. Bush said he was "very disappointed". Whilst Congress were extending the new act to a total of 109 pages over the weekend, banks around the world were dropping like flies as the virus spread.

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Just over a week ago I found myself once again on EasyJet flight EZY6167 heading from Bristol to Amsterdam.  I asked the head of the cabin crew if he knew Dawn, who operated the camera on one of our previous internet videos.  He said he did.  I showed him one of our "Water Connects Us" leaflets, and I asked him if it would be OK if I handed some out to his passengers.  He said that would be fine as long as I didn't get in the way of the cabin crew as they went about their duties.

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Vladimir Putin left China yesterday, and arrived in Vladikavkaz, the capital of North Ossetia:

Mr. Putin said he:

Wanted to discuss the influx of refugees. Russia's actions in South Ossetia are legally totally legitimate.

In an interview with the BBC Georgian President Mikhail Saakashvili said that:

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We didn't intend that this would be our headline for today, but shit happens.

Alexander Solzhenitsyn died last week. So it goes.

War has broken out on the border between East and West…. again.

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In a podcast by Tammy Haddad for National Journal On Air T. Boone Pickens spoke about his "Pickens Plan" and his ideas to solve the "energy issue". It seems the state of Texas has agreed to a $4.9 billion plan to build new transmission lines into the "wind corridor" where he intends to build enormous wind farms. Mr. Pickens said that:

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Yesterday afternoon United States President George W. Bush lifted the executive ban on drilling for oil on the Outer Continental Shelf, which was signed by the first President Bush in 1990. Here's the video:

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This week's issue of the Economist magazine contains their verdict on the G8 summit in Japan – They came, they jawed, they failed to conquer.

On the positive side the Japanese hosts managed to get most of the world's greenhouse-gas emitters around a table together. The attendees included the G8, plus the so called G5 which consists of Brazil, China, India, Mexico and South Africa. Also present were Australia, Indonesia and South Korea.

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The latest edition of New Scientist magazine just landed on my desk. The cover shows a barrel of oil morphed into a bomb and proclaims "Oil Shock – You ain't seen nothing yet". This issue includes three articles about peak oil.

More on High Fuel Prices – Get Used To It!